Climate risk is a real thing to landlords, investors, and operators. Property faces increased repair costs, potential regulatory fines, uninhabitability, forced isolation, or even destruction due to weather incidents such as floods, hurricanes, and wildfires.
As the effects of climate weigh heavily on commercial real estate and all the industries and individuals that lease property, prudent affected parties would understandably want information for decision making.
"The outcomes of these risk projections have significant consequences in the economy, including allocating investment capital, impacting housing prices and demographic shifts, and prioritizing adaptation infrastructure projects, writes Madison Condon, an associate professor at the Boston University School of Law teaching environmental law and climate risk, in an upcoming article in the Arizona State Law Journal.
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